Income Tax Act, 1962 (Act No. 58 of 1962)Chapter III : General ProvisionsPart IIA80G. Presumption of purpose |
| (1) | An avoidance arrangement is presumed to have been entered into or carried out for the sole or main purpose of obtaining a tax benefit unless and until the party obtaining a tax benefit proves that, reasonably considered in light of the relevant facts and circumstances, obtaining a tax benefit was not the sole or main purpose of the avoidance arrangement. |
| (2) | The purpose of a step in or part of an avoidance arrangement may be different from a purpose attributable to the avoidance arrangement as a whole. |